Inventory management

Assignment Help Operation Management
Reference no: EM132613914

Many discussion opportunities come up where you need to respond to other people's opinions and comments. Respond to your Discussion topic after you have completed your Reading.

Inventory Management

With effective resource planning, organizations can reduce inventory and service costs, improve efficiencies, and establish methods for continuous improvement. Depending upon the type of resource, there is a different type of planning that must take place. This can include material requirements planning (MRP), capacity requirements planning (CRP), enterprise resource planning (ERP), customer relationship management (CRM), supply chain management (SCM), or product lifecycle management (PLM).

Research two specific types of resource planning.

Based on your research, explain whether or not you believe ERP and MRP are the only resource planning processes applicable to manufactured processes.

Can either ERP or MRP be used for service industries or can they only be used for manufacturing organizations?

Reference no: EM132613914

Questions Cloud

Which amounts represents the capital cost : Gamma elected a transfer price of $35,000 under subsection 85(1). Which one of the following amounts represents the capital cost of the property to corporation
What the post-wwii monetary system : In 1944, finance specialists and bankers from around the world met to discuss what the post-WWII monetary system
Contribution margin in the expected case : The company is analyzing a project proposal. The company expects to sell 2500 units, plus or minus 10%. The expected variable
Briefly discuss the managing director actions are ethical : The managing director has suggested in order to make the company appear profitable to the bank, Briefly discuss if the managing director's actions are ethical
Inventory management : Based on your research, explain whether or not you believe ERP and MRP are the only resource planning processes applicable to manufactured processes.
Define the term market risk premium : Define the term market risk premium. Why we use it in the estimation of required rate of return?
Analyze the different approaches to innovation : Analyze the different approaches to innovation to determine which approach you think would be the greatest value to the greatest number of organizations.
Will diversifiable risk be zero if non-diversifiable risk : Will diversifiable risk be zero if non-diversifiable risk is zero? Explain.
Identify an additional procedure the auditor should perform : Identify an additional procedure the auditor should perform based on the responses from the lawyers

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd